Bitcoin overall shows a pattern of oscillating downward, with a weak rebound from the low point around 73,393 early this morning, rising to a high of 74,277 before encountering resistance and falling back. Currently trading around 73,600, it remains under pressure from short-term moving averages, with significantly insufficient rebound momentum. Ethereum's movement remains highly correlated with Bitcoin, rebounding from a low of 2,872 to 2,918 before following the decline, showing a weak downward trend. The market's correlation is prominent, with mainstream coins under obvious pressure.
On the daily chart, the downward channel continues to operate effectively. After experiencing high-level oscillations and gradual release of bearish momentum, the market has clearly shifted to a oscillating downward rhythm. Bearish forces dominate the market, leading to a bearish arrangement of moving averages, with EMA15/30 forming strong resistance levels. The MACD indicator's DIF remains below DEA, with green bars slightly shrinking but the bearish structure unchanged. This pattern indicates that the market trend is clearly dominated by bears, and this downward trend has strong continuation potential and structural stability. The four-hour chart continues to show a weak oscillating pattern, with prices repeatedly testing the 73,000 support level without effectively breaking below. Although there is a technical rebound and correction demand, the RSI indicator has stabilized and risen from oversold territory, forming a bullish divergence, but remains constrained by the key resistance at 74,300, unable to break through effectively, further confirming the basis of the daily bearish trend. Currently, the market rhythm shows that bearish forces are still dominant. The short-term rebounds are not trend reversal signals but typical weak corrective moves, mainly aimed at accumulating momentum for further downside. Today's early operations should focus on rebounding and shorting.
Specific trading suggestions: Pay attention to the resistance at the 74,000-74,800 and 75,800-76,500 zones. If resistance holds, consider shorting from higher levels, aiming for a 500-6000 point decline. If the price stabilizes above 76,500, it can be considered a trend reversal. #成长值抽奖赢金条